Murchison Minerals Ltd (TSX-V:MUR, OTCQB:MURMF) said it has commenced its 2023 summer exploration program at its HPM nickel-copper-cobalt project in Quebec.
The company said the two-pronged program includes prospecting on high-priority anomalies and a deep penetrating ground electromagnetic (EM) survey.
The aim of the prospecting is to identify additional targets with nickel-bearing sulphide mineralization on or near surface, Murchison said.
The ground EM survey, which will utilize a low temperature (liquid helium cooled) super conductor technology called Jessy Deep SQUID, is targeting nickel-bearing sulphide mineralization at depth within the BDF Zone and the Syrah target.
Murchison CEO Troy Boisjoli noted the recent turmoil in Niger causing uncertainty in the uranium supply was a reminder as to why it was vital to discover and develop domestic supplies of critical and strategic minerals.
“At Murchison's HPM project in Quebec we've identified the high-grade nickel-copper-cobalt BDF Zone, and the 5 kilometer-long BDF trend that hosts numerous mineralized showings,” he said in a statement. “It's a property with a substantial metal endowment that has true camp scale potential.”
He highlighted that there is advanced infrastructure such as heavy rail and hydropower within kilometres of the project site, lowering the hurdle rate for any future development.
“In the context of worldwide projected nickel and copper supply deficits appearing quickly on the horizon, and the need for stable supplies within North America, the HPM project is one of only a few nickel sulphide projects that can help fill that gap,” the CEO said.
Murchison Minerals is a Canadian‐based exploration company focused on nickel-copper-cobalt exploration at the 100%-owned HPM project in Quebec and the exploration and development of the 100%-owned Brabant Lake zinc‐copper‐silver project in north‐central Saskatchewan.
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